ETH weak on the daily, but forming a bullish fractal+++!
As I mentioned in the previous ETH T.A that I did, prior to entering I'll do a daily t.a, and here it is.
Just in short key points:
-ETH tried to breakout on D, instead formed a bearish wick, and had a pretty touch rejection around 540-550.
-Today ETH looks, pretty weak, and over the next few days I could see a possible entry around 380-410 depending on the state of the market, with a stoploss at 350-360(previous low). >>>>0.88 ret support at 415, 0.93 ret support at 388-392(depending on how precise are the decimals counted in)<<<<<<
-If ETH breaks bellow the previous lower(bearish scenario), the next price I'd be looking to buy into would be around 200.(from my previous in greater detail T.A, this is just a short follow up)
Disclaimer:
//This is not a buy or sell sign, you decide what to do with your own money!!//
If you liked my take on etherium and/or other markets, comment,agree or follow for more interesting T.As', much appreciated, cheers!
Just in short key points:
-ETH tried to breakout on D, instead formed a bearish wick, and had a pretty touch rejection around 540-550.
-Today ETH looks, pretty weak, and over the next few days I could see a possible entry around 380-410 depending on the state of the market, with a stoploss at 350-360(previous low). >>>>0.88 ret support at 415, 0.93 ret support at 388-392(depending on how precise are the decimals counted in)<<<<<<
-If ETH breaks bellow the previous lower(bearish scenario), the next price I'd be looking to buy into would be around 200.(from my previous in greater detail T.A, this is just a short follow up)
Disclaimer:
//This is not a buy or sell sign, you decide what to do with your own money!!//
If you liked my take on etherium and/or other markets, comment,agree or follow for more interesting T.As', much appreciated, cheers!
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4 hr/Daily Update. Volume would be the key indicator.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.